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Real Estate Bubble

I didn't think there was a real estate bubble, but am now getting suspicious.

I wrote a paper about real estate prices in Canada a year ago by adapting the Case Sheller index formula for the Canadian market and only came up with Calagary as a potential bubble location.

However, it seems too good to be true that prices are still at historically unaffoardable levels in much of Canada. I live in Vancouver and with a two income professional household income my GF and I are unable to affoard anything more than a 1 bedroom apartment. That is a joke considering we have a combined income over 100k.

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